Plymouth and South West business failures forecast to rise through 2028, with Brexit cited as key factor
By
William Telford
Lightly browned and well buttered. A solid pick from the rack.
Summary
A new research report forecasts a rise in business failures across Plymouth and the South West of England over the next few years, with Brexit being cited as a primary cause. Nationally, an estimated 288,018 business failures were recorded in 2025 (about 5% of all UK businesses), with over 22,000 in the West Country. The figure for the region is projected to rise to 24,505 in 2026, 24,791 in 2027, and 25,077 in 2028, even as national business failures are expected to decline.
Key quotes
· 1 pulled'For me, I can pin this down to one keyword: Brexit.'
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